HBA-LJP H.B. 3006 77(R) BILL ANALYSIS Office of House Bill AnalysisH.B. 3006 By: Uresti Ways & Means 4/5/2001 Introduced BACKGROUND AND PURPOSE Under current law, a taxing unit that levies taxes on real property in a reinvestment zone is authorized to appoint one member to the board of directors of the zone, and only certain taxing units are authorized to appoint members to a board of a zone designated through petition. Because of the limitations of a taxing unit to appoint members to a board of directors of a reinvestment zone, the board of directors of the zone may not equally represent the different interests in the reinvestment zone. House Bill 3006 provides for a taxing unit to appoint as many members to the board of directors of a reinvestment zone as the municipality that created the zone. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Bill 3006 amends the Tax Code to provide that a taxing unit shall have the right to appoint as many members as are appointed by the municipality that created the reinvestment zone if the unit has approved the payment of all or part of the tax increment produced by the unit. The bill transfers the requirement to appoint a member of the board of the reinvestment zone as the chairman, from the governing body of the municipality that created the reinvestment zone to the board of the reinvestment zone. EFFECTIVE DATE September 1, 2001.